Send to Kindle
Meglena Kuneva from "Bulgaria for Citizens" speaks at a briefing of the Reformist Bloc. Photo by BGNES
Bulgaria's right-wing Reformist Bloc has slammed the draft budget for 2014 as the most un-transparent since the beginning of the democratic transition.
The reformists believe that the draft budget envisions unachievable economic growth and tax revenues, reports Mediapool.bg. They also see a lack of commitment for reforms.
Another point of criticism is that the budget risks to disturb Bulgaria's financial discipline, by allowing room for higher fiscal reserves.
Bulgaria's Parliament approved at first reading the draft state budget for 2014 on November 14. It envisions a GDP growth of 1.8% and a state debt of BGN 18 B by the end of 2014.
The Reformist Bloc warns that the draft budget will provoke mistrust from investors and citizens.
Former finance minister and co-leader of "We Continue the Change" Asen Vassilev sharply criticized the draft 2026 state budget, describing it as an unprecedented act of financial pressure on citizens and businesses
GERB leader Boyko Borissov declared that he “never lies” and stood by his earlier remarks about discussing the lifting of the Magnitsky sanctions with certain individuals
Bulgaria’s first budget in euros has sparked strong criticism from economists and opposition politicians, who describe it as the worst financial plan in more than twenty-five years
GERB leader Boyko Borissov firmly stated in parliament that the 2026 state budget will neither be amended nor withdrawn, despite growing criticism from opposition parties and economists
Bulgaria is facing intense debate over its draft budget for 2026, with opposition figures describing it as a severe economic shock
Economist Prof. Garabed Minasyan criticized the Bulgarian government on BNT, pointing out that it has failed to comply with legal deadlines for budget submissions
Over the past five years, Bulgarian households have seen their savings lose more than 40 percent of their real value as inflation steadily eroded purchasing power
The Bulgarian National Bank has presented informational materials introducing the design of Bulgaria’s euro coins
Deputy Governor of the Bulgarian National Bank (BNB) Assoc. Prof. Petar Chobanov stated that Bulgaria’s forthcoming adoption of the euro will transform not only the country’s financial system but also its position within Europe
Bulgarian economist Viktor Papazov, a Harvard graduate and one of the founders of the Bulgarian Stock Exchange and the Central Depository, has delivered a stark warning about Bulgaria’s adoption of the euro
Bulgaria’s first budget in euros has sparked strong criticism from economists and opposition politicians, who describe it as the worst financial plan in more than twenty-five years
In the first nine months of 2025, commercial banks in Bulgaria reported a total profit of 2.8 billion leva (approximately 1.43 billion euros)
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
